Is inflation subsiding? Economics correspondent Neil Irwin covers the resilience of the U.S. economy. • FOMO (Fear Of Missing Out) is not an investment strategy. It may be contributing to frothy market sentiment, as Schwab’s Asset Management Team explains in their mid-year outlook. • The full impact of AI remains unknown. But McKinsey & Company believes that Generative AI, or machine learning, has the potential for good.
Timex Economy Just Keeps On Ticking — Like the wristwatches in those old commercials, our economy takes a licking and keeps on ticking. The U.S. economy is a powerful machine with a momentum of its own, as Neil Irwin writes in Axios. Read more…
2023 Mid-Year Outlook: U.S. Stocks And Economy — The top 10 stocks recently represented about one-third of the S&P 500; with the top five representing nearly one-quarter. A broadening out in market performance would help bolster a more sustainable stock rally, but FOMO (Fear Of Missing Out) is building frothy market sentiment. Read more…
What Is Generative AI? –Generative AI systems fall under the broad category of machine learning, It’s clear that generative AI tools like ChatGPT and DALL-E (a tool for AI-generated art) have the potential to change how a range of jobs are performed. Read more…
John R. Day, Bill Ennis, and Matt Heller
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